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12. Auctions of 364-Day Government of India Treasury Bills
81877462

12. Auctions of 364-Day Government of India Treasury Bills

(Rs. crore)


Date of

Date of

Notified

Competitive

Devolvement

Non-Compe-

Total

Weighted

Implicit Yield

Amount Outstan-

Auction

Issue

Amount

Bids

on PDs and

titive Bids

Issue

Average

at Cut-off

ding as on the

         

Accepted

RBI*

Accepted

(4+5+6)

Price

Price

Date of Issue

         

(Face Value)

(Face Value)

(Face Value)

(Face Value)

 

(per cent)

(Face Value)


1

2

3

4

5

6

7

8

9

10


Jul.

1, '98

Jul.

3, '98

100

—

100

—

100

92.61

7.9797

 

10,153

@

Oct.

7, '98

Oct.

9, '98

400

400

—

—

400

90.36

10.7174

 

5,827

 

Jan.

13, '99

Jan.

15, '99

750

750

—

—

750

90.52

10.4972

 

6,519

 

Apr.

7, '99

Apr.

9, '99

500

500

—

—

500

90.95

9.9747

 

10,700

 

Jun.

16, '99

Jun.

17, '99

500

225

275

—

500

90.64

10.3266

 

12,600

 

Jun.

30, '99

Jul.

1, '99

500

10

490

—

500

90.64

10.3266

 

13,000

 

* : Effective from auction dated May 19, 1999, devolvement amount would be on RBI only.

@ : No bid was accepted.

 

Note :

Effective from auction dated June 2, 1999, non-competitive bids have been allowed.

     

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